Gujarat State Petronet's consolidated net profit tanked 46.02% to Rs 350.95 crore on a 67.29% surge in revenue from operations to Rs 5,587.16 crore in Q3 FY22 over Q3 FY21.
Consolidated profit before tax (PBT) tumbled 44.77% to Rs 479 crore in Q3 FY22 from Rs 867.31 crore in Q3 FY21.
Volumes declined 18.87% to 31.93 million metric standard cubic meter per day (MMSCMD) in Q3 FY22 as compared to 39.36 MMSCMD in Q3 FY21.
On a standalone basis, net profit dropped 14.28% to Rs 213.34 crore on a 18.24% fall in revenue from operations to Rs 471.15 crore in Q3 December 2021 over Q3 December 2020.
Shares of Gujarat State Petronet (GSPL) lost 0.23% to Rs 298.45 on BSE. GSFC manufactures fertilizers and industrial chemicals.
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